" Buffett didn’t beat the index?

CAGR 2000-01-01 to now (about when the 1999 letter came out):
6.74% Ray Dalio All Weather Portfolio
8.08% SPY
11.55% BRK-B"

Good morning partner, you stopped quoting ancient history, aka, the letter from 1999, and the entire site crashed! :)

Bro, you are confusing brkbs stock price and capital allocation results.

During the year 2000 brkb traded at 1.1 XS BV, remind us, other than ME who else was pounding the table to buyback brkb in 2000-2006? Today the stock trades at 1.5ish xs BV. How much of brkbs current stock price is a result of it trading at 1.5 xs BV vs 1.1 XS BV?

This indicates brilliant capital allocation the past 13 years, aka, the T and T years, to you?

Thank you, while you ponder this conundrum, I'll be at the park, looking forward to your response, it's starting to get hot in Vegas pal gotta play early.